Hyosung
Hyosung Corporation, a prominent player in the global manufacturing sector, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and the Americas. Founded in 1966, Hyosung has established itself as a leader in various industries, including textiles, chemicals, and industrial machinery. The company is renowned for its innovative core products, such as high-performance textiles and advanced industrial equipment, which are distinguished by their quality and technological advancements. Hyosung's commitment to sustainability and efficiency has positioned it favourably in the market, earning accolades for its eco-friendly practices and cutting-edge solutions. With a strong emphasis on research and development, Hyosung continues to drive growth and maintain its competitive edge in the global marketplace.
DitchCarbon Score
How does Hyosung's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hyosung's score of 44 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hyosung's reported carbon emissions
In 2023, Hyosung Advanced Materials Corporation reported total greenhouse gas emissions of approximately 32,540,000 kg CO2e, comprising 3,750,000 kg CO2e from Scope 1 (mobile and stationary combustion) and 23,111,000 kg CO2e from Scope 2 (purchased electricity and steam). The company has set ambitious targets to reduce its absolute Scope 1 and 2 emissions by 42% by 2030, using 2021 as the base year. Additionally, it aims to cut Scope 3 emissions from purchased goods and services and fuel- and energy-related activities by 25% within the same timeframe. Furthermore, Hyosung commits to ensuring that 60% of its suppliers by spend will have science-based targets by 2028. In 2022, Hyosung's emissions were approximately 31,853,000 kg CO2e, indicating a slight increase in emissions year-on-year. The company has consistently reported emissions data, with a focus on transparency and accountability in its climate commitments. The emissions data is cascaded from its parent company, Hyosung Corporation, ensuring alignment with corporate sustainability goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 440,926,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,128,255,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hyosung is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
